Oil
![Oil](/cache/2015/06/USA-192.b68fb13a.jpg)
2015, June, 14, 17:30:00
U.S. RIGS DOWN 9
U.S. Rig Count is down 9 rigs from last week to 859, with oil rigs down 7 to 635, gas rigs down 1 to 221, and miscellaneous rigs down 1 to 3.
U.S. Rig Count is down 995 rigs from last year at 1854, with oil rigs down 907, gas rigs down 89, and miscellaneous rigs up 1.
The U.S. Offshore rig count is 29, up 2 rigs from last week, and down 30 rigs year over year.
![Oil](/cache/2015/06/NORWAY-13.e2f9791a.jpg)
2015, June, 14, 17:25:00
NORWAY INVESTMENTS: NOK 184.8 BLN
According to Statistics Norway, total investments in oil and gas activity in 2016 should be NOK 184.9 billion, which is 1.4% higher than the corresponding estimate for 2015.
![Oil](/cache/2015/06/OIL-226.93965c4f.jpg)
2015, June, 12, 20:55:00
OIL PRICES UP
The expected decrease in shale oil production this summer is causing oil prices to rise. According to the Drilling Productivity report released June 8 by the Energy Information Administration, the government is calling for a 91,000 less barrels per day of shale oil in July. Oil prices seemingly rebounded after the data was released. This news comes on the heels of a decline in oil prices on June 8 due to the Chinese oil crisis concerning oversupply and less demand.
![Oil](/cache/2015/06/USA-191.a9081b62.jpg)
2015, June, 12, 20:50:00
U.S. OIL WILL DOWN
U.S crude production will dip by as many as 300,000 barrels per day until early 2016 before ramping up again, according to the Energy Information Administration’s latest short-term energy outlook.
![Oil](/cache/2015/06/BP-2.1e8ab89a.jpg)
2015, June, 11, 19:00:00
BP: WORLD ENERGY - 2015
The most significant development on the supply side in 2014 was undoubtedly the continuing
revolution in US shale. The US recorded the largest increase in oil production in the world,
becoming the first country ever to increase average annual production by at least 1 million
barrels per day for three consecutive years.
![Oil](/cache/2015/06/LUKOIL-1.e88609dd.jpg)
2015, June, 11, 18:55:00
LUKOIL NET INCOME $0.7 BILLION
LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2015.
The Company’s net income in the first quarter of 2015 amounted to $690 million, which is a 60.2% y-o-y decrease. EBITDA (earnings before interest, taxation, depreciation and amortization) in the first quarter of 2015 decreased by 29.5% to $2,816 million. Sales revenue was $23,190 million (-35.0% y-o-y). The decrease in revenue, EBITDA and net income was mainly due to the decrease in the average Urals blend oil price by more than 50% y-o-y in the first quarter of 2015.
![Oil](/cache/2015/06/OIL-10.31941517.jpg)
2015, June, 10, 19:30:00
OIL PRICES: $61 - $67
EIA forecasts Brent crude oil prices will average $61/b in 2015 and $67/b in 2016.
![Oil](/cache/2015/06/OIL-12.e55c0e5f.jpg)
2015, June, 10, 19:25:00
US SHALE OIL ROUT
More than $100bn of investment has been deferred or scrapped in response to the near-50 per cent plunge in crude over the past year.
![Oil](/cache/2015/06/CANADA-2.5e440242.jpg)
2015, June, 10, 19:20:00
CANADA SLOWER GROWTH
The Canadian Association of Petroleum Producers on Tuesday said it expects Canadian crude output—mostly from Alberta’s oil sands—to reach 4.96 million barrels a day by 2025. That forecast is less than the previous estimate of 5.6 million barrels a day and the 6.0 million barrels a day it had forecast back in 2013.
![Oil](/cache/2015/06/OIL-11.7c867cc0.jpg)
2015, June, 10, 19:15:00
OIL PRICES COLLAPSE
The collapse in crude prices will pinch Canada’s long-term oil output growth by more than a million barrels a day, highlighting the lasting impact of energy companies’ capital spending cuts, said an industry group in the world’s fifth-largest producer.
![Oil](/cache/2015/06/CHINA-9.acd5aae7.jpg)
2015, June, 9, 19:30:00
CHINA: THE LARGEST
China had surpassed the United States in oil imports. It’s true that overall, China’s oil composition growth has slowed, however, their new title does point to the fact that China will consume significant amounts of crude for years to come.
![Oil](/cache/2015/06/SHELL-26.cad4fc6d.jpg)
2015, June, 7, 19:25:00
ULTRA-DEEP GROWTH: $378 BLN
Oil & gas output from ultra-deepwater (>1,000m water depth) fields will continue the relentless growth seen in recent years. In the latest World Drilling & Production Forecast, Douglas-Westwood predict combined oil & gas production from such fields will grow 7.7% year-on-year over 2015-2021 from 6.5 mboe/d to 10.2 mboe/d.
![Oil](/cache/2015/06/USA-190.7950caf5.jpg)
2015, June, 7, 19:15:00
U.S. RIGS DOWN 7
U.S. Rig Count is down 7 rigs from last week to 868, with oil rigs down 4 to 642, gas rigs down 3 to 222, and miscellaneous rigs unchanged at 4.
![Oil](/cache/2015/06/RUSSIA-106.ea0bcf05.jpg)
2015, June, 7, 19:10:00
IRAN & RUSSIA OIL
Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began.
![Oil](/cache/2015/06/USA-11.0b1db33e.jpg)
2015, June, 5, 19:00:00
U.S.: MORE EFFICIENT 65%
Compared with 2014, IHS expects investment capital in US shale oil plays to be 65% more efficient at the start of 2016 than the start of 2015 due to compounding productivity and cost cuts